Can someone help me with an investment strategy''?

Question

I have $40000.00 in my savings account willing to invest. Can someone advice me on how to invest this money so I can make some profits of atleast 5-10k.

Fai Yedga Sikod

Answer 1

First, you haven't given a time frame in which you want to earn the 5-10K. If you are looking for fast profits, this will involve some rather high risk to get that kind of return.

If you are willing to invest and wait some time to make the money, I would suggest looking at Utility (electric, gas) stocks as many of them pay a decent rate of dividends and until the US changes to alternative energy sources, these companies will continue to reap good profits.

Answer 2

You might want to see what the best investors are buying and selling at http://www.top10traders.com - this is a free site that lets you create a portfolio of stocks with $100,000 in "play" money. Each day the site ranks the best performing portfolios, so you can see how your picks perform compared to other investors. You can read posts on investing from the best traders, as well as share your own investing ideas. There is a charting feature, so you can see how your portfolio performs compared to the S&P 500. Also, you can create your own "group" so that you can see how you are doing compared to your friends.

Here are this month's best traders:

http://www.top10traders.com/Top10Standings.aspx

Good luck.

Answer 3

Buy a no load, Balanced Mutual Fund (usually through a bank)
This will give you a diversified mix of stocks, bonds and money market instruments. Is is low on the risk scale and has low volitility. IT WILL NOT MAKE YOU FAST MONEY.
but is is a great balance between risk and reward.

Answer 4

There are few things that you should consider before investing.How long you want to invest for? what kind of return you are looking for income or growth.If you are looking for high returns then invest in shares.
check the link below to learn more on investing in shares.
all the best.

http://money-review-site.com/shares.html

http://www.smart-investments.org/Investing/Investing.php

Answer 5

I invest woth fidelity- they do a wonderful job with my money. If you just want it to sit in savings ad gain someinterester. ING Direct is ok

Answer 6

Open a brokerage account at TD Ameritrade and then drop me a line.

I will help you for FREE.

I asume you want to make at least $5,000.00 in less than a year.